Home bias at the fund level:

"This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the siz...

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Bibliographische Detailangaben
Beteiligte Personen: Hau, Harald 1966- (VerfasserIn), Rey, Hélène (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2008
Schriftenreihe:Working paper series / National Bureau of Economic Research 14172
Links:http://papers.nber.org/papers/w14172.pdf
Zusammenfassung:"This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest. These facts constitute a challenge for existing theories"--National Bureau of Economic Research web site
Umfang:14 S. graph. Darst. 22 cm